Newer Licensees Shutting Down At Greater Rate

New figures for Quarter 3 show that more new licensees have been registered than have ceased operation, reversing the situation from Quarter 2 which saw, for the first-time licensee shutdowns outnumber new licensees for the first time in almost 5 years. Our analysis also shows that this year, licensees less than 3 years old are ceasing operations at a higher rate than the historical average.